Tips for Meeting Your Kitchener Waterloo Mortgage Broker

Posted by Richard Kitts on Fri, Sep 15, 2017 @02:47 PM
 
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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: kitchener waterloo mortgage broker, mortgage tips

The Mortgage Centre KW can help with closing complications arising from the market cool down

Posted by Richard Kitts on Wed, Sep 06, 2017 @11:44 AM

The Mortgage Centre in Kitchener Waterloo, has assisted with a couple of clients who have been caught in the market turndown.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: Kitchener-Waterloo Mortgage, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, mortgage kitchener, mortgage, Waterloo Mortgage, Kitchener Mortgage, Canadian real estate market, private funding, bridge loan

Kitchener Best Mortgage - Housing Market Update – June 2017

Posted by Richard Kitts on Thu, Aug 10, 2017 @04:24 PM

Much like it has been for the past several months and all of last year, demand for homes in the Kitchener-Waterloo region remained high last month.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: Kitchener real estate, housing market, kitchener best mortgage

Tougher Rules And Higher Rates: What’s Next For The Mortgage Market?

Posted by Richard Kitts on Tue, Aug 08, 2017 @12:55 PM

Over the past year a few new rules and changes have been put in place that have affected the mortgage market, including:

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: Canada's mortgage market, mortgage, mortgage market, rate, Overnight rate, mortgage qualifying rate, stress test, qualifying rate

Strong evidence of overall problematic conditions continue for Canada, Toronto, Vancouver, Hamilton and Victoria

Posted by Richard Kitts on Sat, Aug 05, 2017 @09:00 AM

Check out CMHC's assessment on Canada's Housing Market here >>

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: CMHC, Canada's economy, Housing Market Assessment

Toronto home prices plunge as buyers retreat

Posted by Richard Kitts on Fri, Aug 04, 2017 @04:08 PM

Toronto home prices have fallen.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: Canada, Ontario, Toronto, Canada's economy, housing market, The Toronto Real Estate Board

Spring Consumer Survey Report

Posted by Richard Kitts on Thu, Jul 20, 2017 @09:00 AM

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: Canada, consumer debt, mortgage, Canadian economy, economy, homebuyer, will dunning

Bank of Canada raises interest rate for 1st time in 7 years to 0.75%

Posted by Richard Kitts on Wed, Jul 12, 2017 @04:37 PM

The Bank of Canada Rates increased by the anticipated ¼%. With Bond markets increasing, you may also see pressure on the longer term fixed rates to rise again. 

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Bank of Canada, The Mortgage Centre, fixed rate, Mortgage Rates, Key interest rate, Overnight rate, Increased rate

Above expectations for June job numbers and Bank of Canada Rate expected to rise 0.5%.

Posted by Richard Kitts on Fri, Jul 07, 2017 @01:15 PM

This is excellent news for Canada’s economy and rates may continue to rise.  The variable rate mortgages will be affected by any rise in Bank of Canada’s prime.  While the 5 year fixed could also rise, it is affected more by the Bond Market, which has also increased over the past month in anticipation of a rate hike.  Historically 5 year fixed rates were at 3.09% in October 2014, comparable to today’s pricing. 

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: Bank of Canada, Canada's economy, fixed rate, Variable rate, fixed mortgage, rate hike, variable mortgage, lock in rate

Canada 150

Posted by Richard Kitts on Fri, Jun 30, 2017 @04:45 PM

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: Canada, The Mortgage Centre KW, The Mortgage Centre, Canada Day, Canada 150